Yes in fact I just saw a post on facebook barrel racing tack swap about a stolen trailer. As the others have said do everything possible to lock your trailer down take no shortcuts lock everything.Posted via Mobile Device

Yes people do steal them. Like have plenty of others have said already, lock the doors and get a lock for the hitch as well. Trailers are surprisingly easy to get re registered without people asking too many questions...giving it a new VIN number and everything.

I keep a hitch lock on it when off the property, we also park them in weird ways and take time to get to them to hook up, and when we drive them to shows or whatever and leave them we have another hitch lock that can be placed while on the truck.

I know someone who had a very nice LQ trailer stolen. They had it for sell. A "nice" couple came to look at it. They asked if they could hook it up to their pick-up and see how well it pulled down the road. The lady who was selling it, let them take it down the road, fully expecting them to return in a short while. They never came back. The trailer was actually found several states away a few weeks later. This "nice" couple had been pulling the stolen trailer into big rodeos, with a stolen pick-up, too. Then they were stealing horses in the middle of the night. Quite a racket they had going for awhile!

Oh I have a funny... okay... not so funny, story:
I ride at a show barn where everyone keeps their trailers on the barn property. Some very very serious trailers. Huge 10+ horse trailers with living quarters. During the off season the trailers just sit there and no one does much with them. So turns out, some homeless guy bashes out the window and lives in the trailer for MONTHS! No one knew until one of the stall cleaners saw him climb out the broken window early in the morning.
We now have 24 hour security guards, so we don't get anything weird like that anymore.

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